Penny Auction Script
₹24,999.00
In Penny Auction, participants pays a non-refundable fee to place a small incremental bid.
₹24,999.00
In Penny Auction, participants pays a non-refundable fee to place a small incremental bid.
Penny Auction is an auction game, where participants pays a non-refundable fee to place a small incremental bid – the auction price increases by a small amount such as 0.01 or 0.06 cents.
When the auction expires, the last participant to have placed a bid wins the item and also pays the final winning bid price, which is significantly lower than the actual price of the item. You profits from the live auction through the fees collected for each bid and from the payment of the winning bid.
These days penny auction games are becoming a popular form of auctions. Some of the most popular penny auctions are Quibids and Mad bid.
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